treatment of suspense account

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treatment of suspense account

mobasher
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#1

11-28-2004, 09:33 PM

I know the nature of suspense account but the real question lies why is it transfer to balancesheet.

KJK
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#2

12-01-2004, 05:47 AM

It is transferred to balance sheet only when it is not being adjusted in any of the account or the error is too trivial that cannot be discovered

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